Supreme Court Validates Palais Royale's 2019 Sale to Pune's Honest Shelters

20 Dec 2023 CW Team

In a significant legal development, the Supreme Court has affirmed the validity of the sale of Palais Royale to Honest Shelters in 2019. The court's decision brings clarity and resolution to a long-standing dispute, establishing legal precedence in real estate transactions.

The case revolved around the intricacies of property sales, and the court's ruling provides insights into the legal framework governing such transactions. The Palais Royale sale case underscores the importance of legal scrutiny in real estate dealings, setting a precedent for future disputes.

The court's thorough examination considered key aspects such as documentation, adherence to regulations, and the overall transparency of the transaction. This decision is poised to have a lasting impact on how property transactions are conducted and verified in the country.

Infrastructure Energy

06 Apr 2026

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..

India Real Estate Shifts to Institutional Capital

India’s real estate sector is undergoing a structural transformation, evolving from family-funded models into a globally integrated and institutionalised asset class, as highlighted at EXCELERATE 2026 organised by NAREDCO Maharashtra NextGen in Mumbai.The event saw participation from over 750 delegates, including investors, policymakers and industry leaders, who discussed the sector’s rapid evolution driven by urbanisation, regulatory transparency and innovative financing tools such as REITs and SM REITs.Dr Niranjan Hiranandani emphasised that urbanisation is expected to rise from 35 per c..